Akanda extends option, agrees $250K payment

Akanda Corp. extended an existing option-to-purchase agreement with 1107385 B.C.

Rhea-AI Filing Summary

Akanda Corp. extended an existing option-to-purchase agreement with 1107385 B.C. LTD. by two years, moving the option term out to September 25, 2027. In return for this extension, Akanda will pay the owner $250,000, with $150,000 paid at signing and $100,000 due on the 12‑month anniversary of the amendment.

Akanda also agreed to register certain common shares of the company owned by the option holder and to pay a specified cash “Value”, as defined in the amendment, from the proceeds of its next capital-raising transaction. The detailed terms are contained in the filed Amendment No. 1 to the Option to Purchase.

FAQ

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What did Akanda Corp. (AKAN) change in its option to purchase agreement?

Akanda Corp. extended the term of its amended and restated option to purchase with 1107385 B.C. LTD. to September 25, 2027. The change keeps the purchase option alive longer under updated financial and registration terms.

How much is Akanda Corp. (AKAN) paying for the option term extension?

Akanda Corp. will pay a total of $250,000 to 1107385 B.C. LTD. for the option extension. Of this, $150,000 was paid at signing and $100,000 is due on the 12‑month anniversary of the amendment.

What share registration obligation did Akanda Corp. (AKAN) agree to?

Akanda Corp. agreed to register certain common shares, with no par value, that are owned by 1107385 B.C. LTD. This commitment gives the owner potential access to a registered market for those shares, subject to the amendment’s detailed terms.

How is Akanda Corp. (AKAN) using proceeds from its next capital raising?

Akanda Corp. agreed to pay 1107385 B.C. LTD. a specified cash “Value,” defined in the amendment, from the proceeds of its next capital-raising transaction. The exact calculation of this Value is set out in the amendment document.

Who is Akanda Corp.’s counterparty in the amended option agreement?

The counterparty is 1107385 B.C. LTD., a British Columbia company referred to as the Owner in the amendment. Akanda’s Option to Purchase with this entity was originally made on September 22, 2023 and has now been modified.

Where can investors find the full terms of Akanda Corp.’s option amendment?

Investors can review the complete terms in the filed document titled “Amendment No. 1 to Option to Purchase,” dated September 24, 2025. It is included as Exhibit 10.1 and provides detailed definitions and conditions.

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Accepted by SEC EDGAR 09/26/2025 - 05:00 PM Learn about SEC filing dates

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number:  001-41324

AKANDA CORP.

(Name of registrant)

1a, 1b Learoyd Road 

New Romney TN28 8XU, United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

☒   Form 20-F         ☐   Form 40-F

On September 24, 2025, Akanda Corp. (the “Company”) entered into an Amendment No. 1 to Amended and Restated Option to Purchase (the “Amendment”) with 1107385 B.C. LTD., a British Columbia company (the “Owner”), to amend certain provisions of that certain Amended and Restated Option to Purchase, made as of September 22, 2023 (the “Agreement”). The Amendment extended the option term contained in the Agreement to September 25, 2027. In exchange for such extension, the Company shall pay to the Owner a total of $250,000, of which $150,000 was paid at signing and $100,000 shall be paid on the 12-month anniversary of the Amendment. Additionally, the Company agreed (a) to register certain common shares, no par value, of the Company, owned by the Owner and (b) to pay to the Owner a specified Value (as defined in the Amendment) in cash from the proceeds of the Company’s next capital raising transaction.

The foregoing is a brief description of the Amendment, and is qualified in its entirety by reference to the full text of the Amendment.

Exhibit Number		Description
10.1		Amendment No. 1 to Option to Purchase, dated September 24, 2025

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AKANDA CORP.
	(Registrant)
Date:  September 26, 2025	By:	/s/ Jatinder Dhaliwal
		Name:	Jatinder Dhaliwal
		Title:	Director

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